Influential crypto analyst Michaël van de Poppe has made significant assessments about Chainlink and Ethereum. Pointing out that both cryptocurrencies showed strong signals during the consolidation process, the analyst outlined an upward perspective for LINK and Ethereum.
Poppe mentioned that Chainlink is undergoing a solid consolidation process and suggested that possible tests might occur within the $12-13 price range. Despite short-term fluctuations, he emphasized the overall trend indicating that Chainlink could rise towards the $25 level.
Observing positive developments in Ethereum’s price movements, Poppe particularly succeeded in showing a supportive change in resistance dynamics at the $2,125 level. He predicted that Ethereum could face resistance between $3,400 and $3,800 in the first quarter of 2024.
The analyst advised investors to closely monitor the consolidation phase of Chainlink and consider any potential dips in the $12-13 range as entry opportunities. For Ethereum, the positive support and resistance change at $2,125 are bolstering the bullish trend. Even a correction towards $1,900 is considered within the overall upward momentum.
In this period when the crypto market continues to develop, having knowledge about significant assets such as Chainlink and Ethereum has become very important for investors. Michaël van de Poppe’s analysis provides valuable information by identifying strategic entry points and potential resistance levels.